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Short-Term Bond Yields Slip on Higher August Unemployment
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wsj.comShort-term bond prices edged higher Friday morning after fresh Labor Department employment data showed that the unemployment rate ticked up in August, indicating progress for the Federal Reserve’s efforts to tame inflation by cooling the economy.
Yields on U.S. Treasury bonds, which rise when bond prices fall, had shot up in recent sessions, propelled by tough talk from Fed Chairman Jerome Powell and fears that central bankers still have their work cut out for them as they try to tame rising prices.
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